Naples Real Estate Report! April 2, 2022
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Naples Real Estate Report
Naples Area Real Estate Market Report – Naples Area Board of REALTOR® (NABOR®) released the February Market Report:
- Low inventory & high demand continues to motivate Sellers
- 25% of homes that went under contract came back on the market versus the traditional 3-5%
- Making backup offers worth considering with the increase in contracts not materializing
- Many new listings are under contract before making it to the MLS
- Only 26 single-family homes on the market during February that were priced $300,000 and below
- Four months in a row that condominiums have sold for over 100% of list price
February 2022 compared to February 2022:
For details, trends, and year-to-date Naples area market statistics click here.
Highlights from the February 2022 market report compared to February 2021:
| Categories | February 2021 | February 2022 | Change |
|---|---|---|---|
| Total showings (month/month) | 59,803 | 43,032 | -28% |
| Total closed sales (month/month) | 1,330 | 804 | -39.5% |
| Total pending sales (homes under contract) (month/month) | 2,299 | 1,480 | -35.6% |
| Median closed price (month/month) | $400,000 | $550,000 | 37.5% |
| New listings (month/month) | 1,467 | 1,261 | -14.0% |
| Total active listings (inventory) | 2,224 | 1,176 | -47.1% |
| Average days on market | 73 | 23 | -68.5% |
| Single-family closed sales month/month) | 575 | 430 | -25.2% |
| Single-family median closed price (month/month) | $527,000 | $655,000 | 24.3% |
| Single-family inventory | 1,031 | 712 | -30.9% |
| Condominium closed sales (month/month) | 755 | 374 | -50.5% |
| Condominium median closed price (month/month) | $300,000 | $425,000 | 41.7% |
| Condominium inventory | 1,193 | 464 | -61.1% |
About Our Company
MVP Realty Associates, LLC – MVP Realty is a Naples based real estate company with agents and offices located throughout Florida:
- Exceeded $2.5 billion in home sales in 2021 and closed over 8,000 transactions
- One of the largest real estate companies in Florida
- Top 1% in total sales transactions and number of real estate agents
- The #2 real estate company in SWFL
- More than 20 offices across Florida
- Over 1,100 agents who will help market your property to prospective Buyers
- Fastest growing real estate company in Florida the past eight years
- Brokers have 75+ years of broker experience
- Best agent training, technology and tools in the industry
